Re:Intel Announces Retirement of CEO Pat Gelsinger
by araes on Tuesday December 03, 2024 @05:00PM
(#42312027)
Thank you for the pay comparison website link. The pay scale difference is frankly is a little challenging to even believe in some cases. Facebook pays an M2 software manager $1,426,471? Comparables at other (F)AANGs are $700,000 to $800,000. Double ??? at the same grade? That seems like nonsensical escalation. Does not seem like FB/Meta/saggy infinity symbol formerly known as Prince is getting their money's worth.
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Re:Intel Announces Retirement of CEO Pat Gelsinger
by lotsofpulp on Tuesday December 03, 2024 @05:19PM
(#42312219)
When equity compensation is such a high proportion, one can not simply compare numbers. You have to take into account volatility of the business and its impact on share price (and hence impact on your compensation).
The equity compensation figures on levels.fyi are very rough estimates on what one might sees, but it is possible that Meta has to offer more equity due to more perceived volatility in its business rather than, say, Apple or Microsoft. Or maybe more expected work hours/days.
But also, Meta has long been known to pay more, famously being the business that eschewed the collusion that resulted in the famous high-tech employee antitrust litigation:
https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...